Which of the following is an essential feature of the barter system?

It promotes the local market

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It is an easy means of trade

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It increases the social interaction of an individual

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It requires a double coincidence of wants

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Solution

The correct option is B. It requires a double coincidence of wants

The need arises for each individual to exchange his/her goods or services with the goods and services of others. Hence, double coincidence of wants is an essential feature of the barter system.

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